On behalf of the low-income clients of the National Consumer Law Center, we write to express our appreciation for your interest in addressing potentially swollen international remittance fees, as well as related issues impacting low-income immigrants under the current remittance regulations. This letter is a belated thank you for the meeting between advocates1 and relevant…
NCLC opposes S-2989, which would legalize certain for-profit debt adjusters. For-profit debt adjustment (also known as debt settlement) is bad for consumers and hurts honest businesses. Bankruptcy attorneys, non-profit credit counselors, and self-help are much better alternatives. The debt adjustment industry leads consumers to believe that they can negotiate reduced payoffs on unsecured debts. But…
Read More about Letter in opposition to NJ S-S2989; Debt Settlement Legalization Bill
Letter to the VA re: Veterans Affairs Loan Refund Program.
Read More about Letter to the VA Advocating for the Expansion of a Foreclosure Alternative Program
The undersigned sixteen organizations, representing California borrowers, educators, and consumer advocates, submit this comment in response to the California Department of Financial Protection & Innovation’s (“DFPI” or “Department”) notice of proposed rulemaking to adopt new regulations and amend current regulations implementing the Student Loan Servicing Act (SLSA), Fin. Code, § 28100, et seq., and to…